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Best Property Management Companies
2022

The Best Property Management Companies
Here Are The Top Property Management Companies
Penny Realty, Inc.

Penny Realty, Inc.

Penny Realty, Inc. has been providing Property Management and Vacation Rental services to the greater San Diego area since 1965. They provide full service Management and Leasing for Homes, Condos, and Multi-Family Apartment Complex's. They provide multiple guarantees to their Owner-Clients including a 14 day Rent Guarantee, a $1,200 Eviction Free Guarantee and a $1000 Pet Guarantee. They are members of NAR, CAR and the San Diego Association of Realtors and have a A+ rating with the BBB. Their stated objective is to generate maximum financial returns for their Property Owner-Clients and Investors.

San Diego, CA 92109

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Mynd Property Management

Mynd Property Management

Mynd manages properties in the San Diego area, with a special focus on single-family rentals. It combines local expertise with easy-to-use tech to provide true full-service management. From leasing and maintenance to financial reporting, Mynd takes the complexity out of owning a single-family rental. The company utilizes an online portal and app, letting clients manage their properties wherever they are, no spreadsheets required. Mynd has local teams in over 25 markets across the U.S., and it places more than 10,000 residents yearly.

San Diego, CA 92108

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Elevate SD Properties

Elevate SD Properties

Elevate SD Properties is a property management company that serves clients in and around the San Diego metro area. The company has more than 20 years of experience in providing property management services to various individuals and families. It provides property marketing, rent collection, tenant screening, maintenance, property inspections, and financial reporting services. It also handles evictions and provides legal guidance to its clients. Elevate SD Properties focuses on providing comprehensive solutions to property owners and investors.

San Diego, CA 92108

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Air Concierge

Air Concierge

Air Concierge is a full-service vacation rental property management company. Its team works with clients to evaluate and prepare their home for the short-term rental market. The company offers professional photography and places ads on a variety of online platforms. It provides on-site staffing to greet guests, oversee cleanings, and generally inspect the premises. Air Concierge manages all guest communications and provides personalized concierge services when special touches are requested.

San Diego, CA 92101

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Duomo Realty Corp

Duomo Realty Corp

Founded in 2015, Duomo Realty Corporation is a property management company in San Diego that specializes in residential properties throughout the metropolitan area and the surrounding communities. It offers a wide range of services, including marketing to fill vacancies and screening potential occupants to deliver well-qualified residents for their clients. Duomo Realty Corporation collects monthly rent, inspects properties, and communicates with tenants and vendors. The company also handles all maintenance and repair requests.

San Diego, CA 92127

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18 Doors Property Management

18 Doors Property Management

18 Doors is a property management company that provides comprehensive services from leasing to moving out. The husband-and-wife team serves different neighborhoods in San Diego such as Hillcrest, East Village, Encinitas, Downtown, and Carmel Valley. On their website, clients have access to proprietary technology and data that generate thorough rent comparison analyses in seconds. They also offer a 3D tour of some of their available properties for potential tenants to find their next home safely and conveniently.

San Diego, CA 92103

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Utopia Property Management-Chula Vista

Utopia Property Management-Chula Vista

Utopia Property Management-Chula Vista is a full-service property management company founded in 1994. Residential and commercial management services for homes, condos, and apartments, as well as retail businesses, and offices are provided. The firm's services include maintenance, advertising, market research, photography, and tenant screening. Utopia Property Management is available seven days a week for showings. The company also provides real estate service for buyers and sellers, as well as bookkeeping and accounting services for homeowners associations.

Chula Vista, CA 91910

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Whole Life Investments

Whole Life Investments

Whole Life Investments serves property owners and investors in the San Diego metro. The business offers various property management services, including thorough tenant screening, property marketing strategies, an online rent collection system, and property maintenance and repair. It handles townhouses, vacant lands, mobile homes, condominiums, and single-family residences. Property manager Mike Jones has been active in the real estate industry for more than 30 years. Whole Life Investments also caters to customers in Encinitas, San Marcos, and Carmel Valley.

San Diego, CA 92130

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Cabrillo Properties

Cabrillo Properties

Cabrillo Properties is a company that manages residential properties in San Diego and the surrounding metros. The property managers from this agency help homeowners in marketing their property, screening potential tenants, and collecting monthly rent. The staff also prepares financial reports, coordinates maintenance, and inspects the property on behalf of the owners. Cabrillo Properties is a member of the National Association of Residential Property Managers, the California Association of Realtors, and the San Diego County Apartment Association.

San Diego, CA 92108

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Golden Property Management

Golden Property Management

Founded in 2007, Golden Property Management is a property management company in San Diego. Services include market rent assessment, advertising to fill vacancies, preparing the property to rent, screening potential tenants, collecting and managing security deposits, and regular walk-through inspections. The agency also handles all communication with renters and takes care of maintenance requests. Golden Property Management is a member of the National Association of Residential Property Managers and a Veteran-led company.

San Diego, CA 92108

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Expert Answers To Common Questions:

  1. What is property management?
  2. What does a property manager do?
  3. How much do property management companies charge?
  4. How do I manage a rental property from out of state?
  5. Does a property manager need a real estate license?
  6. How do I find a good property management company?
  7. Do property management companies find tenants for rental properties?
  8. How do I manage a vacation rental property?
  9. Do property managers pay for repairs?
  10. Can a property manager evict a tenant?
  11. Can a property manager sign a lease for an owner?
  12. Is property management worth the cost?
  13. How do I deal with a bad property management company?
Q: What is property management?
A:
Property management is the business of controlling and overseeing real estate, including residential and commercial rental properties. These professionals handle general maintenance and day-to-day operations on behalf of the property owner. They’re responsible for marketing properties, finding and screening tenants, collecting rent, and preparing units between leases. They may also handle repairs, evictions, and any problems that arise.
Q: What does a property manager do?
A:

Professional property managers perform critical tasks throughout the leasing life cycle, from preparing a rental property, through tenant move-ins and move-outs. They can also provide referrals for legal advice, home repairs, and services that aren’t covered by the management agreement. Here are some of their key responsibilities:

  • Marketing and listing vacant units
  • Processing applications and screening tenants
  • Conducting quarterly and annual inspections
  • Orchestrating move-in procedures
  • Coordinating maintenance and repairs
  • Collecting rent and applying penalties
  • Conducting move-out inspections and returning deposits
  • Handling evictions and posting quit notices
  • Complying with fair housing regulations
  • Compiling monthly expense reports
  • Preparing annual tax documents

Q: How much do property management companies charge?
A:
Property management fees can vary substantially depending on the size of the property, number of units, and scope of service. Property owners can expect to pay one month of rent to fill vacant properties and 10% of the gross cash flow to manage the property. Investors should also account for monthly maintenance, contributions to a reserve repair fund, and early termination fees if they decide to cancel the property management contract. Evictions and other non-routine services typically cost extra.
Q: How do I manage a rental property from out of state?
A:
Managing a property isn’t easy, and the job is even more difficult for out-of-state landlords. Thorough tenant screenings are the best way to prevent many common problems. Landlords should also maintain strong relationships with neighbors who can alert them if anything goes wrong. Investors who prefer a more hands-on approach should consider hiring a property manager to represent their interests.
Q: Does a property manager need a real estate license?
A:
Yes, in most states, property managers must have a real estate license to advertise rentals, show properties, sign lease agreements, collect rent, and perform other fiduciary activities. A community association manager license or similar certification may also be required for professionals who want to work for an HOA or apartment complex, although this credential is optional in most states.
Q: How do I find a good property management company?
A:

Property managers differ significantly in their approach and level of expertise. It’s important for owners to screen potential candidates to ensure that they're choosing the most qualified professional. Here are a few questions to ask during the interview:

  • How many units do you manage?
  • How big is your staff?
  • Do you have a maintenance crew?
  • How long does it take to fill vacant units?
  • What happens if my tenant doesn’t pay on time?
  • Have you ever filed an eviction?
  • What type of communication can clients expect from you?

Q: Do property management companies find tenants for rental properties?
A:
Yes, finding tenants and filling vacancies are key responsibilities for property managers. These professionals are responsible for advertising the property, and they handle all inquiries, applications, and showings. To find the most qualified tenants, managers perform background and credit checks, verify references, and confirm the applicant’s employment information, which can prevent problems and extra costs down the road.
Q: How do I manage a vacation rental property?
A:
Managing a vacation home or short-term rental requires a higher level of involvement when compared to other investment properties. Owners or managers must handle marketing, reservations, check-ins, and cleanings between stays. While a recent study by vacation rental marketplace HomeAway (now part of VRBO) reports that vacation rental income comprises about a quarter of the average rental owner’s income from investing just under 10 hours per week managing their rental, this type of hands-on involvement may not be possible for owners who live out of state or in another region. Professional property managers can assist with one or more tasks, such as cleanings and check-ins, or they can provide comprehensive management services to ensure that the property is generating revenue year-round.
Q: Do property managers pay for repairs?
A:
Yes and no. Property managers may pay for repairs, but the cost is generally deducted from future rent payments or a reserve fund. In most cases, landlords are responsible for maintenance costs and improvements that are needed to preserve or enhance the property’s value. Management firms do coordinate repairs, and some have their own maintenance crews. They can also provide contractor referrals and handle work orders for routine repairs, such as cleaning, painting, plumbing, and changing locks between tenants. Many firms allow tenants to submit maintenance requests online, and they should also provide monthly expense reports showing owners how their money is being spent.
Q: Can a property manager evict a tenant?
A:
Yes, property managers can help to orchestrate the eviction process, from preparing the initial notices to appearing in court and working with law enforcement to ensure that the tenant leaves the property. Situations that warrant eviction include non-payment of rent, lease violations, and illegal activity. Property managers can help to determine the best course of action when dealing with problem tenants.
Q: Can a property manager sign a lease for an owner?
A:
In most states, a property manager can sign a lease. Property owners can appoint a third party to act as a landlord by signing a contract with a management company or by giving power of attorney to a private individual. However, for the contract to be valid, the property manager must have the owner’s authorization.
Q: Is property management worth the cost?
A:
Property managers aren’t cheap, but they’re a worthwhile investment in many cases. Managing a rental property requires time, experience, diligence, and attention to detail. Professional property managers can assist new landlords and long-term investors who have a growing portfolio of rentals. They’re also valuable partners for individuals who work full time, live out of state, or want to enjoy the financial rewards of an investment property without added stress and anxiety.
Q: How do I deal with a bad property management company?
A:
Unresponsive property managers cause problems for property owners and tenants. Reputable management firms should work hard for their fees. No landlord wants to hear from their tenants that the management company isn’t doing its job or is ignoring their concerns. If the manager is skipping routine inspections, accepting bad tenants, or failing to provide monthly expense reports, it’s probably time to hire someone else. Owners should interview several candidates, compare rates, and check references to find a more qualified manager.